secwatch.observer — SEC 8-K summary
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Issuer:     DIODES INC /DEL/ (DIOD)
CIK:        0000029002
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000950170-24-057203
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Diodes Q1 revenue $302M, GAAP EPS $0.30; guides Q2 revenue ~$316M, return to growth
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- Q1 2024 revenue $302.0M vs $467.2M YoY (-35%); GAAP net income $14.0M vs $71.2M YoY.
- GAAP EPS $0.30; non-GAAP EPS $0.28; gross margin 33.0% vs 41.6% YoY.
- EBITDA $48.3M (16.0% of revenue) vs $121.8M (26.1%) YoY.
- Q2 2024 guidance: revenue ~$316M ±3% (sequential +4.6%), GAAP gross margin ~33.5% ±1%.
- Management sees Q1 as cyclical low point; expects seasonal recovery in consumer/computing/comm markets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/29002/000095017024057203/0000950170-24-057203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/29002/000095017024057203/diod-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-057203

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer